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there's a 20% across the board tax cut and use talking about ends the alternative minimum tax and tacking on $2 trillion more in defense spending. he says he will close unspecified -- end unspecified tax deductions, which he refuses to spell out because they're politically poisonous. this is the basic recipe of trickle-down economics in the reagan and bush years, both of which resulted in exploding defici deficits. what am i missing here? >> i have the benefit of meeting one on one with mitt romney and paul ryan and probing what are their thoughts with regard to taxes and defense. you're talking about the things being thrown out, but when you look at a 20% rate reduction and when you look at what rate are now, that will take the top rate to 28%. we lose 1.1 trillion a year in revenue through the deductions and exemptions and credits and exclusions. over ten years that's probably 15 trillion, when you count inflation. so all you have to do is is eliminate about a third to 40% of the deductions, exemptions and credits and exclusions, and you can be revenue neutral. with regard to defense, w
there's a 20% across the board tax cut and use talking about ends the alternative minimum tax and tacking on $2 trillion more in defense spending. he says he will close unspecified -- end unspecified tax deductions, which he refuses to spell out because they're politically poisonous. this is the basic recipe of trickle-down economics in the reagan and bush years, both of which resulted in exploding defici deficits. what am i missing here? >> i have the benefit of meeting one on one with...
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americans for tax reform president grover norquist whose anti-tax oath has been signed by almost every republican member of congress is girding for a fight if obama is re-elected. no compromise norquist said adding his prediction for an obama second term there's a stalemate. if romney is elected it's putting the ryan budget into law. we don't need a president we need a zombie who has functioning digits or can sign his name on a dotted line. let's pick two scenarios here. if the president is re-elected how does he deal with a tea party that sounds as it's going to be agreb gressive as ever and grover who is pushing for hardlines no legislation. >> he beats them and the way to do that is to take advantage of the fiscal cliff. let it slide a bit, to create a new status quo in which republicans have an incentive to pass affirmative legislation that the president will sign into law, at the same time, there are a group of more problem solving republicans in the senate who don't want to spend another four years simply in opposition and with some members of the business community, not the cham
americans for tax reform president grover norquist whose anti-tax oath has been signed by almost every republican member of congress is girding for a fight if obama is re-elected. no compromise norquist said adding his prediction for an obama second term there's a stalemate. if romney is elected it's putting the ryan budget into law. we don't need a president we need a zombie who has functioning digits or can sign his name on a dotted line. let's pick two scenarios here. if the president is...
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mitt romney has no plan for taxes. he can't be direct on that. he has no plan when it comes to repealing obama care and what he's going to replace it with. and what about immigration? which in these last few weeks hasn't gotten a whole lot of attention. he has no plan for america. and now he's going to be the guy who's going to reach across the aisle? get your cell phones out. i want to know what you think. tonight's question. who do you trust to work with the other side? text "a" for president obama, text "b" to mitt romney to 622639. always to our blog at ed.msnbc.com. we'll bring you the results later on in the show. joining me tonight, karen finney, msnbc political analyst and former communications director of the dnc. karen, good to have you with us tonight. >> good to see you, ed. >> this is -- this is a rather interesting closing argument that mitt romney is making that he's going to be the guy that's going to reach across the aisle. when that really is the last thing his party wants him to do. how's this going to work out? >> also you kno
mitt romney has no plan for taxes. he can't be direct on that. he has no plan when it comes to repealing obama care and what he's going to replace it with. and what about immigration? which in these last few weeks hasn't gotten a whole lot of attention. he has no plan for america. and now he's going to be the guy who's going to reach across the aisle? get your cell phones out. i want to know what you think. tonight's question. who do you trust to work with the other side? text "a" for...
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families maintain higher after tax income. >> all right. alan kruger the chairman of the council of economic advisers. thanks for coming on this morning. >> thank you. >> we'll see you next month as well. just because the election happens doesn't mean we won't. thank you. trivia time we asked what is the last time minnesota voted for a republican in the presidential election. the answer 1972. richard nixon's landslide second election. before that you go back to 1956. giving the white house soup of the day, not many there to eat it, roasted vegetable. this is the time of year when i care more about soup because i do eat soup myself almost every day. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so me
families maintain higher after tax income. >> all right. alan kruger the chairman of the council of economic advisers. thanks for coming on this morning. >> thank you. >> we'll see you next month as well. just because the election happens doesn't mean we won't. thank you. trivia time we asked what is the last time minnesota voted for a republican in the presidential election. the answer 1972. richard nixon's landslide second election. before that you go back to 1956. giving...
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topics like mitt romney's tax return fails to quiet critics and mitt romney and the 47%. i guess it could have been worse. >>> up next, we'll delve into some of the hottest senate races around the country, and senator claire mccaskill will be here with her closing arguments against todd akin. >>> coming up at 8:00 eastern, coming together, a benefit telethon to aid victims of hurricane sandy featuring the great bruce springsteen and jon bon jovi. you're watching "hardball," the place for politics. with 160 more miles per tank, the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> it was a
topics like mitt romney's tax return fails to quiet critics and mitt romney and the 47%. i guess it could have been worse. >>> up next, we'll delve into some of the hottest senate races around the country, and senator claire mccaskill will be here with her closing arguments against todd akin. >>> coming up at 8:00 eastern, coming together, a benefit telethon to aid victims of hurricane sandy featuring the great bruce springsteen and jon bon jovi. you're watching...
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topics like mitt romney's tax return fails to quiet critics and mitt romney and the 47%. i guess it could have been worse. up next, we'll delve into some of the hottest senate races around the country and senator claire mccaskill will be here with her closing arguments against todd akin. coming up at 8:00 eastern, coming together, a benefit telethon to aid victims of hurricane sandy. featuring the great bruce springsteen and jon bon jovi. you're watching "hardball," the place for politics. with her closing arguments with her closing arguments against todd akin. >>> i'm julia boorstin with your cnbc market wrap. stocks slide despite upbeat economic data. the dow sirngs 139 points, the s&p drops 13, and the nasdaq falls by 38 points. as you heard, 171,000 jobs were created last month. that was more than economists expected, but the unemployment rate ticked up to 7.9%. factory orders jumped nearly 5% in september. the biggest increase since march of 2011. and starbucks was a big gainer rising 9% following an upbeat profit forecast. that's it from cnbc, first in business worl
topics like mitt romney's tax return fails to quiet critics and mitt romney and the 47%. i guess it could have been worse. up next, we'll delve into some of the hottest senate races around the country and senator claire mccaskill will be here with her closing arguments against todd akin. coming up at 8:00 eastern, coming together, a benefit telethon to aid victims of hurricane sandy. featuring the great bruce springsteen and jon bon jovi. you're watching "hardball," the place for...
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jobs act that has componentsents to allow fort increase in sgroets and hopefully extend the payroll tax we'll have a stimulus so people can spend more money. >> you've been to 13 states, is that correct? >> i've been out talking about manufacturing jobs and talking with community colleges, to see how we can get the mismatch focused in on making sure that people can hire up people that have the right skills. that's what i've been doing. it's resonating. i think the business community is starting to understand that this administration really does care about the future job growth and where those jobs are and bringing those jobs back here to our shore. >> now, speaking of that, one thing that is close to your heart and you also know very deeply as a former member of congress is the disproportionate impact of unemployment on minority groups. and right now hispanic unemployment is still in this new report 10%. >> right. >> whereas the overall unemployment is 7.9%. now that can have an impact on the enthusiasm if the president is going to get re-elected it's going to depend on a big turnout of
jobs act that has componentsents to allow fort increase in sgroets and hopefully extend the payroll tax we'll have a stimulus so people can spend more money. >> you've been to 13 states, is that correct? >> i've been out talking about manufacturing jobs and talking with community colleges, to see how we can get the mismatch focused in on making sure that people can hire up people that have the right skills. that's what i've been doing. it's resonating. i think the business community...
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number six. >> if you vote early you don't have to pay taxes. i'm sorry, i'm being told that's not accurate. >> that's not accurate. >> number five. >> single and looking to mingle? find that special someone on thele early voting line. >> that's right. >> number four. >> of course there's the open bar. >> that's right. the open bar. >> number three. >> not exercising your right to vote is malarkey. it's literally malarkey. >> okay. whatever you say. >> number two. >> early voters receive a $5 million donation from donald trump. >> wow! wow! now we're talking. and the number one good thing about voting early, ladies and gentlemen. >> honestly, don't you want this election over with already? >> yes, we do. >> four more days to gop. so montgomery burns endorses mitt romney for president. simpson style. >> who do you like better broccoli obama or meat romney? who do you want to take care of you for the next four years? >> [ inaudible ]. >> mr. burns announced his decision sitting next to binders full of women. president obama getting high profile he
number six. >> if you vote early you don't have to pay taxes. i'm sorry, i'm being told that's not accurate. >> that's not accurate. >> number five. >> single and looking to mingle? find that special someone on thele early voting line. >> that's right. >> number four. >> of course there's the open bar. >> that's right. the open bar. >> number three. >> not exercising your right to vote is malarkey. it's literally malarkey. >>...
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and the tax return questions i guess, he is probably not going to get from the sportscaster. >> it is the place to go. it is the place where you can have a simulation of an inner view without getting any of the questions. when you build a campaign on distraction it becomes more difficult. it is not new that the politicians try to control the encounters. what we have learned though, he does it more often with more severity than any one one else. there is a pool and that is a group of reporters that go to everything. and they issue pool reports as you well know from your time in politics. mitt romney tried to cut reporters in the pool out of covering his fundraisers. there was such disastrous push back from the press that they had to walk that back. what was that about? it was weird. no republican had tried to do that. now, when they see the types of things that they said. it is wrong. >> the big baug dog at fox news is upset. he agrees with romney on every issue. let's listen to o'reilly complaining about it. >> mitt romney has a story to tell. in my oh pip. he has a story to tell. but
and the tax return questions i guess, he is probably not going to get from the sportscaster. >> it is the place to go. it is the place where you can have a simulation of an inner view without getting any of the questions. when you build a campaign on distraction it becomes more difficult. it is not new that the politicians try to control the encounters. what we have learned though, he does it more often with more severity than any one one else. there is a pool and that is a group of...
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. >> grover norquist is the no tax guy, made clear that the right wing of the party expects to call the shots. this is brazen, but let's listen to what was said and romney never opposed what he heard here. >> focus on electing the most conservative republican who can win in each house seat, and the most conservative republican who can win in each senate seat, and then pick a republican with enough working digits to handle a pen to become president of the united states. >> now, he's backing romney. romney signed the pledge for this guy. doesn't he ever call him out and say, you just made a fool out of me? you said i'm just going to be a robot. he never complains. >> no, he hasn't complained. >> he wanted norquist to believe he was going to be the guy with the pen. >> exactly. so you guys just pass it and i will sign it. now, would there come a point when mitt romney would actually challenge the right wing -- the far right wing of the party? there has not been a moment like that, not even remotely in this campaign. if you can remember one -- >> shannon, let's be open-minded. could it be m
. >> grover norquist is the no tax guy, made clear that the right wing of the party expects to call the shots. this is brazen, but let's listen to what was said and romney never opposed what he heard here. >> focus on electing the most conservative republican who can win in each house seat, and the most conservative republican who can win in each senate seat, and then pick a republican with enough working digits to handle a pen to become president of the united states. >> now,...
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. >> swiss bank accounts 10000 bet, i like to fire people, forcible hair cut, the tax returns wesley snipes would call suspicious. >> no, no, no and no. >> none of that. it will probably just be let detroit go bankrupt. before we get to our panel we want to listen in to the president who has taken the stage for a third campaign event of the day this one in lima, ohio. let's listen. >> we were in the middle of two wars and the worst economic crisis since the great depression. today our businesses have created nearly 5.5 million new jobs, and this morning we learned that companies hired more workers in october than in any time in the last eight months. home values are on the rise. housing construction is moving up. we're less dependent on foreign oil than at any time in the last 20 years. because of the service and sacrifice of our brave men and women in uniform, the war in iraq is over, the war in afghanistan is coming to a close, al qaeda has been decimated, and osama bin laden is dead. [ cheers and applause ] oh, oh, oh, and one more thing -- an american auto industry that had been
. >> swiss bank accounts 10000 bet, i like to fire people, forcible hair cut, the tax returns wesley snipes would call suspicious. >> no, no, no and no. >> none of that. it will probably just be let detroit go bankrupt. before we get to our panel we want to listen in to the president who has taken the stage for a third campaign event of the day this one in lima, ohio. let's listen. >> we were in the middle of two wars and the worst economic crisis since the great...
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giving big tax cuts to the wealthiest americans we couldn't afford. we tried giving wall street and the ability to do what they pleased. you know what we got? falling incomes, job deficits, the slowest job growth rates in centuries and an economic climate that we've been cleaning up for the last four years. so we know what we want to do works. we know wa they want to do doesn't work. we know what we want to do grows our middle class. what they want to do squeezes the middle class. we know that our strategy is to make sure that we bring our deficit down in a balanced way. their strategy ends up shooting the deficit up. so we know what the right choice is, but let's face it, governor romney, ee a very talented salesman. in this campaign, he's tried as hard as he can to repackage these same policies and offer them up as change. but we know what change looks like. and what the governor is offering ain't it. giving more power back to the biggest bank, that's not change. another $5 trillion tax cut in favor of the wealthy, that's not change. refusing to ans
giving big tax cuts to the wealthiest americans we couldn't afford. we tried giving wall street and the ability to do what they pleased. you know what we got? falling incomes, job deficits, the slowest job growth rates in centuries and an economic climate that we've been cleaning up for the last four years. so we know what we want to do works. we know wa they want to do doesn't work. we know what we want to do grows our middle class. what they want to do squeezes the middle class. we know that...
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. >> if you vote early, you don't have to pay taxes. i'm sorry. i'm being told that's not accurate. >> that's not accurate. number five. >> single and looking to mingle? find that special someone on early voting line. >> yeah, that's right. number four. >> of course, there's the open bar. >> that's right. the open bar. number three. >> not exercising your right to vote is malarky. it's literally malarky. >> okay. whatever you say. number two. >> early voters will receive a $5 million donation from donald trump. >> wow. wow. now we're talking. and the number one good thing about voting early, ladies and gentlemen. >> honestly, don't you want this election over with already? >> yes, we do. >> four more days. >>> still ahead on "way too early," why are you awake? your tweets, texts, and e-mails. "morning joe" just minutes away. i love how clean and healthy my mouth is right now. i wish i could keep it this way. [ male announcer ] now you can. with the crest pro-health clinical line. used together, they help keep your teeth 97% as clean as a dental cl
. >> if you vote early, you don't have to pay taxes. i'm sorry. i'm being told that's not accurate. >> that's not accurate. number five. >> single and looking to mingle? find that special someone on early voting line. >> yeah, that's right. number four. >> of course, there's the open bar. >> that's right. the open bar. number three. >> not exercising your right to vote is malarky. it's literally malarky. >> okay. whatever you say. number two....
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. >> if you vote early, you don't have to pay taxes. i'm sorry. i'm being told that's not accurate. single and looking to mingle? find that special someone on the early voting line. early voters receive a $5 million donation from donald trump. >> wow. >> don't you want this election over with already? >> yes, we did. >> got a lot of laughs. and check out this political sign on a lawn in republican heavy castle rock, colorado. look real close. it says a romney fan stole my obama sign. do it again and you'll make my day and tv news. he did. they add that the sign is brightly lit at night. >>> finally, if you live in that all-important state of ohio, you have been bombarded with presidential campaign ads. well, somehow "the daily show" found a way to draw a parallel with sandy. >> john, the advertising onslaught here has been devastating. obviously we've taken shelter in this underground bunker, but from what i've been hearing on the outside, tragically almost 99% of the population here in ohio still has electricity. horrible. it'll take a long time to clean up the debris covering the
. >> if you vote early, you don't have to pay taxes. i'm sorry. i'm being told that's not accurate. single and looking to mingle? find that special someone on the early voting line. early voters receive a $5 million donation from donald trump. >> wow. >> don't you want this election over with already? >> yes, we did. >> got a lot of laughs. and check out this political sign on a lawn in republican heavy castle rock, colorado. look real close. it says a romney fan...
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. >> if you vote early, you don't have to pay taxes. i'm sorry. i'm being told that's not accurate. >> that's not accurate. no. number five. >> single and looking to mingle? >> uh-huh. >> find that special someone in the early voting booth. >> yeah, that's right. number four. >> of course, there's the open bar. >> that's right, the open bar. number three. >> not exercising your right to vote is malarky. it's literally malarky. >> whatever you say. number two. >> early voters will receive a $5 million donation from donald trump. >> wow! wow! now we're talking. and the number one good thing about voting early, ladies and gentlemen -- >> honestly, don't you want this election over with already? >> yes, we do. >> when we come back, host of "the last word," lawrence o'donnell joins us on set. also "washington post" columnist eugene robinson. we'll be right back with much more "morning joe." i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months a
. >> if you vote early, you don't have to pay taxes. i'm sorry. i'm being told that's not accurate. >> that's not accurate. no. number five. >> single and looking to mingle? >> uh-huh. >> find that special someone in the early voting booth. >> yeah, that's right. number four. >> of course, there's the open bar. >> that's right, the open bar. number three. >> not exercising your right to vote is malarky. it's literally malarky. >>...
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tax pollution a carbon tax been proposed so what we should do first is tax the type of activities that we want to diminish before we tax what we want more of which is labor write ups you know in fact i think that one of the one of the pieces of the whole understanding of taxation that has been so lost in the last thirty years is that taxes do actually two things one they raise revenue for the government but two they encourage or discourage behavior based on the will of the people which is what you're talking about and we have perverse incentives so people like romney they want all the services in new usa but they go into these tax haven islands overseas like you know bahamas and so forth to pay for is zero taxes and even harry pays fifteen percent that's a capital gain and that's what he says you make a statement deed he hasn't released his tax returns for fourteen years the way his father did when he ran for does we don't know that chapter number to make our communities more self-reliant how do we do ok that's already in place it just got to be more widespread every time we patronize
tax pollution a carbon tax been proposed so what we should do first is tax the type of activities that we want to diminish before we tax what we want more of which is labor write ups you know in fact i think that one of the one of the pieces of the whole understanding of taxation that has been so lost in the last thirty years is that taxes do actually two things one they raise revenue for the government but two they encourage or discourage behavior based on the will of the people which is what...
SFGTV2: San Francisco Government Television
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it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against this proposition? >> i agree with everything supervisor chiu said about payroll tax. if this measure were revenue neutral, if it were substituting a gross receipts tax for a tax on payroll, the libertarian party would have supported it. but unfortunately some people at city hall got greedy and so the measure is actually a 25.8 million dollars a year tax increase. during a recetion, people are suffering, many people unemployed, many people in san francisco are earning minimum wage, thousands of course on our streets. it's the wrong time to be raising taxes on businesses because the largest employers, of
it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against...
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we need a different tax system. sales tax or fair tax is the way to go. corporate income tax erased, replaced by a sales tax, corporate income tax is something none of the other countries have, and that makes us uncompetitive globally. look at the website, thank you. >> moderator: cynthia dill >> dill: needs reformation. i'm the only one who supports president obama's proposal not to extend bush tax cuts for families making above $250,000. stop giving subsidies to corporations who don't need it. we have to impose a financial transaction tax on very small tax on stock trades to the people responsible for the collapse of our economy chip in. i do believe that we need to lower corporate income tax rates, stabilize the base, ensuring it's fair. pay your fair share. it's time that the super wealthy, the corporations pay more. i agree with warren buffet. >> moderator: three minutes. secretary summers? summers: doing things that make sure the taxes are as low as they can be in the country because by doing that, we increase the number of people who are paying tax
we need a different tax system. sales tax or fair tax is the way to go. corporate income tax erased, replaced by a sales tax, corporate income tax is something none of the other countries have, and that makes us uncompetitive globally. look at the website, thank you. >> moderator: cynthia dill >> dill: needs reformation. i'm the only one who supports president obama's proposal not to extend bush tax cuts for families making above $250,000. stop giving subsidies to corporations who...
SFGTV: San Francisco Government Television
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if the gross receipts tax does pass, the city's payroll expense tax would phase out from tax years 2014 through 2018 and ted is here to explain how the facout is going to work with the exclusion. as you recall the purpose of the payroll tax exclusion for small businesss is to create and increase the number of jobs within the city and county of san francisco. by providing an incentive for small businesses to create new jobs. the legislation before you today will allow that to happen by keeping the exemption in place through 2015 as originally intended. there are two recommendations in the budget legislative analyst's report that supervisor farrell is fine with. we also have an additional amendment that ted egan is here to explain, lines 14-16 and i have copies of that. again, mr. egan will explain that why it's necessary to calculate the base year payroll tax with the phase-in and exempting. so if i could give this to victor. with that i would either ask that you go to the budget legislative analyst or to ted egan. >> why don't we go to mr. egan first and then to the budget analyst. mr.
if the gross receipts tax does pass, the city's payroll expense tax would phase out from tax years 2014 through 2018 and ted is here to explain how the facout is going to work with the exclusion. as you recall the purpose of the payroll tax exclusion for small businesss is to create and increase the number of jobs within the city and county of san francisco. by providing an incentive for small businesses to create new jobs. the legislation before you today will allow that to happen by keeping...
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we need to tax ourselves and separate so that we don't pay taxes to the government, we only pay taxes to ourselves through our own state bank. there are things that we can do to become independent. for instance, we can say you can't use vermont land and water for the growth of gm note. we can't prohibit the sale of them in this state because we are still bound by the commerce clause, but we can for him with our land and water from being used for that purpose and we must go ahead and do that. we can prevent the vioxx problems. we don't have to have 100,000 people died because the fda screwed up. we can have our own fda, and what we must do is have an independent investigation of the three buildings that came down in manhattan because it is impossible for three buildings to come down in their own footprint at free full speed unless they are controlled demolition. we have to carry on that investigation in vermont. >> moderator: republican john macgovern your up next. macgovern: thanks for hosting this debate and all the candidates here. i'm running because i believe this is one of the mo
we need to tax ourselves and separate so that we don't pay taxes to the government, we only pay taxes to ourselves through our own state bank. there are things that we can do to become independent. for instance, we can say you can't use vermont land and water for the growth of gm note. we can't prohibit the sale of them in this state because we are still bound by the commerce clause, but we can for him with our land and water from being used for that purpose and we must go ahead and do that. we...
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you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> all right. thank you sir. >> there are three parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are considered -- cha
you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay...
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with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate on small business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to bring the tax rates down. the president wants to raise tax on small business. i would not raise taxes on small businesses or on middle class america. we've also got to get regulators to see that their job is in helping businesses not killing them. big business can handle regulations by the way. it slows them down but they can handle it because they have all the lawyers in the world. you got to make it easier for small business. obama care is one of the things i heard. obama care the cost per employ was back breaking and they couldn't finances it. so one thing we've got to do if we want to keep jobs is g
with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate on small business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to bring...
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and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that waste. and i think we have to look at it through the budget process. so i think it's very important during the budget process -- i wasn't on the budget committee this last year, but i do hope to sit on the budget committee in the next year. and i think that we need to make some of the hard political decisions and that is why i think a lot of waste does continue on the upper level because no one is willing to really take a hard look and make those very difficult decisions. i think that sometimes when you look at programs, i think some of the information that hope johnson mentioned about the sunshine task fo
and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that...
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for them, april 15th sn't tax day - news. according to irs recorrs, federal workers owe $3.4 billion in ack taxes 26,000 postal service eeployees owe $270 million. 100 milllon byyd-o-d military and civilianns congressional emplooees owe 10 million. treasury dept workers - ome offthe rs - owe $9 million. more than $800,000 is oweddby pressdent obama's staff. thhir taxes is as bad as cops who break the llw, ffremmn who commit arson, and doctors who kill patients.making matters complicated. it's about billions in direct costs and lost prrductivity to figure put how much we owe.tax returrs shhuld be on a 3x55 pomething -- even if it were onll one dollar.for more on headlines dot nee. and folloo us twitter and facebook. i'm mark yman. gambbing in marylandwhy ssmee reeigious leaders 3
for them, april 15th sn't tax day - news. according to irs recorrs, federal workers owe $3.4 billion in ack taxes 26,000 postal service eeployees owe $270 million. 100 milllon byyd-o-d military and civilianns congressional emplooees owe 10 million. treasury dept workers - ome offthe rs - owe $9 million. more than $800,000 is oweddby pressdent obama's staff. thhir taxes is as bad as cops who break the llw, ffremmn who commit arson, and doctors who kill patients.making matters complicated. it's...
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good evening john i was wondering if anyone had ever done a study on the bush tax cuts. it's never been a knack how much more money would be. against a deficit of the united states it's got to be billions of dollars that would have been earned by our government and. and that amount of time i was wondering if have you or anyone know that the center for american progress has published it on their think progress blog durley i very much appreciate you bringing up this topic because you're absolutely right it's a graphic that we often throw up on the screen that shows the composition of the deficit right now the republicans are all screaming about the deficit if you look at that deficit what you find is that about half of it a little a little less than half of that is the bush tax cuts another a little less than half of it is is the two wars that there were that george bush put on the credit card and medicare part d. word he said that the government can't go she had drug prices so medicare is paying twice as much for drug prices as the military does and then the remainder is
good evening john i was wondering if anyone had ever done a study on the bush tax cuts. it's never been a knack how much more money would be. against a deficit of the united states it's got to be billions of dollars that would have been earned by our government and. and that amount of time i was wondering if have you or anyone know that the center for american progress has published it on their think progress blog durley i very much appreciate you bringing up this topic because you're...
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for this in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent thank you thank you thank you thank you thousand. thousand cut you think i have to make you think you really do me like you. thank you thank you thank us i thank you who was yes thank you thank you but one would think that if you want to get a little bit better than twenty five years of the nothing but preach do you think working p. q let me take the lead in just a couple of the things that we put up with who may have been done at night when the lesson to coop of the thank you to thank you thank you thank you thanks to thousand thank you thank you thank you thousand two thousand two thousand and six was you thank you chris. is waiting for fifteen goats to celts. forty kilograms of rice one thousand flatbreads. and a live. but why is the bride in a bad mood. to tell the group it's not the one. the role is a done deal. claim . the six america votes for its next president. who takes the wheel as the us drives into the feature. get the news the mainstream missives with up clo
for this in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent thank you thank you thank you thank you thousand. thousand cut you think i have to make you think you really do me like you. thank you thank you thank us i thank you who was yes thank you thank you but one would think that if you want to get a little bit better than twenty five years of the nothing but preach do you think working p. q let me take the lead in just a couple of the things that we...
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and he did cut the tax rate. but he also raised taxes. i mean, he raised it in '82, '83, '84, '95, and got rid of tax loopholes. what do you think of what grover norquist has done in terms of the fiscal cliff and having everybody sign a pledge or whoever wants to, sign a pledge that they will not raise taxes, or put the taxes on the table? >> i don't think it's helpful. we need people to come together and start torque working together and have flexibility in these negotiations. i don't know the difference between raising rates and raising revenues. there's a lot of inefficiency in our taxes. an inefficient tax code, the resources, closing loopholes, even if it raises revenues is not something people should be against. >> we're going to continue to talk about that -- let me talk about -- she's a democrat. >> you know, i have a lot of confidence, we probably don't agree on a lot of the fiscal issues but on financial reform we do. most importantly i think she's the person who is going to be independent and do what is in the interest of the s
and he did cut the tax rate. but he also raised taxes. i mean, he raised it in '82, '83, '84, '95, and got rid of tax loopholes. what do you think of what grover norquist has done in terms of the fiscal cliff and having everybody sign a pledge or whoever wants to, sign a pledge that they will not raise taxes, or put the taxes on the table? >> i don't think it's helpful. we need people to come together and start torque working together and have flexibility in these negotiations. i don't...
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i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried about-- longer term makes some sense. >> tom: so rising interest rate environment, possibly higher inflation, higher taxes. not exactly the most shiny of forecasts for investors. >> well, there is something you can do about it. you can avoid that tax drag by maximizing your investments in qualified plans. you can keep up with modest inflation by making sure you have your asset allocation mix >> allocation mix right. inflation picks the pocket of the bond investor. but dividends can keep up with a modestly rising inflationary envi
i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can...
SFGTV2: San Francisco Government Television
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we are being asked to pay, we are being asked to pay tra taxes while tweeter receives a tax break. hidden in the tax break deal for twitter was also their own muni bus that went directly just to their location as well as a police substation in their area. those services are paid for with taxpayer money. tax payers are required to foot the bill for this, although twitter has enough money where it could also contribute something to the community for helping us provide those services in that area. in district five, i believe that there are three main areas that need a lot of attention but i would like to work on. we need affordable housing, not just low-income housing but affordable housing for people in san francisco with average incomes. we also need to improve muni and public transportation as well as improve public safety. with affordable housing, i would like to see us actually negotiate projects that build housing that is affordable, rather than allowing developers to pay a fee in lieu of building housing that is less expensive. sustainable housing is just as important as privat
we are being asked to pay, we are being asked to pay tra taxes while tweeter receives a tax break. hidden in the tax break deal for twitter was also their own muni bus that went directly just to their location as well as a police substation in their area. those services are paid for with taxpayer money. tax payers are required to foot the bill for this, although twitter has enough money where it could also contribute something to the community for helping us provide those services in that area....
SFGTV2: San Francisco Government Television
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it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to serve a declining student population. they might close some of the new campuses they've opened recently and consolidate facilities. >> thank you. do you want to offer comments to starchild's opposition? >> i think the, one of the primary things we need to remember is that city college of san francisco, which is an institution that san francisco really counts on, i think, for both our economy and for all of the community, has been operating under duress for a number of years. we can and we will make the smart reforms, we alre
it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to...
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stuart: it the key to tax reform, by tax reform, lower rates on corporations and individuals, and get rid of some loopholes, is that the key to it. >> i think it's an important element and what's first key is to remind the american people, we can do this, we can grow more rapidly, it requires a different policy mix and yes, tax reform is a big part of it, on the corporate side and the individual side. stuart: glenn hubbard, a pleasure, don't be a stranger, come on back, love to see you. thank you, sir. president obama and governor romney virtually tied in a dead heat. key things that could make a romney victory-- and don't forget a special election varney for you, and on at 9:20 eastern as always and we'll be on at 5 p.m. for the special. let's get back to nicole, i've got two big names moving big time. priceline? show me. >> we're taking a look at priceline as talked about price line less than expected. it's a big winner and up 10%. it's certainly a winner here and europe is the reason it's better. you can hear the shouting because there are actually three ipo's today. the first ipo
stuart: it the key to tax reform, by tax reform, lower rates on corporations and individuals, and get rid of some loopholes, is that the key to it. >> i think it's an important element and what's first key is to remind the american people, we can do this, we can grow more rapidly, it requires a different policy mix and yes, tax reform is a big part of it, on the corporate side and the individual side. stuart: glenn hubbard, a pleasure, don't be a stranger, come on back, love to see you....
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state and local taxes, charitable taxes. what this plan does it takes away the alternative minimum tax which has an equalizing effect for the very wealthy. that is wrong-headed. i want to talk about corporate taxes. the tax loophole i close is the one that allows me to ship jobs overseas and get a tax benefit for doing it. we need to create a tax amnesty program that brings that money back, but with the condition it be reinvested in american jobs. we can fix this tax code, but if we go with another short-term extension, which will avoid tough work and we will once again kick the can down the road and do what we do not need to do in this country, which is not solve problems. >> that could not be anything more clear. supports using the tax code. our corporate tax code rate is 35%. we had a proposal to bring that money back. harry reid said we are afraid you might bring that money back and not just give it to employees. what we need to do is what we did in north dakota. it doesn't treat we tighten our belt and did not raise tax
state and local taxes, charitable taxes. what this plan does it takes away the alternative minimum tax which has an equalizing effect for the very wealthy. that is wrong-headed. i want to talk about corporate taxes. the tax loophole i close is the one that allows me to ship jobs overseas and get a tax benefit for doing it. we need to create a tax amnesty program that brings that money back, but with the condition it be reinvested in american jobs. we can fix this tax code, but if we go with...
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income tax. what changes would you support? schriebman: i'm on record for this. i may start by saying it's progrowth tax reform that helps small business and hard-working families. the lineages and the tax code i studied this extensively. i've had sessions with cpas. i had an irs worker comment on or off time in our code is complex and unfair. it is not there because it favors multinational corporations who can afford a whole wing of lawyers to find loopholes. but we need to commit to is going to the tax code, protecting middle-class provisions like mortgage, like our local taxes, like our health care expenditures charity. in outcome of those things in a bipartisan budget be protected but everything else upon the table for bipartisan discussions so that we can close loopholes that allow us to lower rates for all. when we lower rates, double helps when we lower rates, double helps when we lower rates, double helps and will help hard-working families. 96% of their take-home pay for the middle-class
income tax. what changes would you support? schriebman: i'm on record for this. i may start by saying it's progrowth tax reform that helps small business and hard-working families. the lineages and the tax code i studied this extensively. i've had sessions with cpas. i had an irs worker comment on or off time in our code is complex and unfair. it is not there because it favors multinational corporations who can afford a whole wing of lawyers to find loopholes. but we need to commit to is going...
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hike got illinois taxes my income taxes went out from three to five percent you know that's two percentage points were right out of my paycheck model and yet you know across the board sales taxes are going up look at california right now it's got a post out of the other day you're talking about a temporary tax rates resulting i'm going to seven or twelve it might go to the grave you know temporary seven years. damper right dax's keep going up yeah that's not factored into the c.p.i. up right so you know we don't get wages and you know. groceries you go to the grocery store all of a sudden you're paying six percent per on tax and groceries well you're panicking yeah yeah and you know that's two percent that's your in the might be your entire salary right just going up you know increased taxes right so you know it's not factored into c.p.i. that's not it's back there down to real wages there are you say oh you know your wages were this last year well what about your benefit what about. were you going to. write. for all member. real wages declawing write much more seriously. than the reported
hike got illinois taxes my income taxes went out from three to five percent you know that's two percentage points were right out of my paycheck model and yet you know across the board sales taxes are going up look at california right now it's got a post out of the other day you're talking about a temporary tax rates resulting i'm going to seven or twelve it might go to the grave you know temporary seven years. damper right dax's keep going up yeah that's not factored into the c.p.i. up right so...
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efforts in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent that an accurate thank you thank you thousand thank you. cut me to the time it was immaculate to me like you. thank you thank us thank you to the two thousand yes thank you thank you but one would think that if you want but that about it don't think it's funny that it is that the nothing but greed we've been working pete thank you let me play this clip of the things that we put up with who may have been done at night but not elected to cuba that they would be like to thank you thank you thank you thank you thank you to thousand thank you thank you thank you thousand two thousand two thousand and six was you thank you i. fifteen. kilograms of rice one thousand flatbreads. in a bad mood. the. klux klan. of the six america votes for its next president. the will is the us drives into the future going to get the news the mainstream misses with up close election coverage the us election up close. and. the mission in free cretaceous free clothes for judges free. maintenance free
efforts in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent that an accurate thank you thank you thousand thank you. cut me to the time it was immaculate to me like you. thank you thank us thank you to the two thousand yes thank you thank you but one would think that if you want but that about it don't think it's funny that it is that the nothing but greed we've been working pete thank you let me play this clip of the things that we put up with who may...
SFGTV2: San Francisco Government Television
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first in taxes and then a bond. but do you think our streets are twice as good? we need accountability for our money. we also need common sense. i know common sense is a buzz word, but people are hungry for it. i love john stewart in the daily show, but san francisco has to stop giving him such easy material for his jokes. if you're tired of city hall not focusing on the basic, if you're tired of your house being the city's atm and if you're tired of the same old politics and the same old choices, i offer you an independent choice for supervisor. i'll be your advocate. if you're like me, you want san francisco to be an off beat tolerant and fun. but you also expect a functioning city that buses run on time, potholes get paved, and city programs are held accountable nor how they spend our money. i'll be your common sense supervisor. the reality is we need to raise revenue and cut spending. we can't pretend we're immune to what's happening 100 miles away in stockton which is going bankrupt on pensions. we have to face the reality of basic arithmetic. i'm not agains
first in taxes and then a bond. but do you think our streets are twice as good? we need accountability for our money. we also need common sense. i know common sense is a buzz word, but people are hungry for it. i love john stewart in the daily show, but san francisco has to stop giving him such easy material for his jokes. if you're tired of city hall not focusing on the basic, if you're tired of your house being the city's atm and if you're tired of the same old politics and the same old...
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efforts in the past decade and in two thousand and eight paid taxes had a rate. for a. one per cent that it was thank you thank you thousand thank you. cut me the time it was immaculate to me like you. think i was the to sing was yes thank you thank you but one could think that if you want but that it is done better than twenty five years at the nothing but preaching we've been working to thank you let me take the lead in this little bit that you think we could put up with to keep it in that at night but not listen to keep you out of the thing would be the to thank you thank you i thank you enough to thank you thank you thank you thank you i was of the east thousand and six the e.q. was. three weeks. you know sometimes you see a story. and then. you hear or see some other part of it and realize that everything is. welcome to the big picture. the mission and free accreditation free clothes for judges free arrangements free risk free studio time free. download free broadcast clothing video for your media projects and free media. dot com you. download the official. sofa br
efforts in the past decade and in two thousand and eight paid taxes had a rate. for a. one per cent that it was thank you thank you thousand thank you. cut me the time it was immaculate to me like you. think i was the to sing was yes thank you thank you but one could think that if you want but that it is done better than twenty five years at the nothing but preaching we've been working to thank you let me take the lead in this little bit that you think we could put up with to keep it in that at...
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we should not be ending and why tax credits to pay for millionaire tax cuts. we should be making college more affordable for anyone willing to pay for it. -- to work for it. [applause] we should recruit 100,000 math and science teachers so high- tech jobs -- math and science teachers so high-tech jobs are not created in china but right here in colorado. we should work with community colleges to train another 2 million americans with the skill businesses are looking for now, and that is part of my plan for the future. that is what changes. that is what is at stake in this election. change comes when we live up to america's legacy of innovation, where we make america the next home of scientific discovery when technological breakthroughs. i am proud i met on a mirror -- i'd bet on american ingenuity, and we are not just building cars. we are building better cars that will go twice as far on a gallon of gas. [applause] today there are thousands of workers all across the country. not every technology we bet on will pan out. there is a future for clean energy it in
we should not be ending and why tax credits to pay for millionaire tax cuts. we should be making college more affordable for anyone willing to pay for it. -- to work for it. [applause] we should recruit 100,000 math and science teachers so high- tech jobs -- math and science teachers so high-tech jobs are not created in china but right here in colorado. we should work with community colleges to train another 2 million americans with the skill businesses are looking for now, and that is part of...
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what about obama taxes? guest: we are seeing many events are the next few months with the fiscal cliff. -- over the next few months with the fiscal cliff. congress has created this problem, congress and the white house together. were you have a tax hikes and spending cuts coming at the same time. and simple arithmetic will tell you that putting both of those together at the same time will undoubtedly create a recession. there's no way around that. when you look at confidence among businesses and consumers, it is still fairly depressed among businesses, picking up among consumers. the paul both groups and asked them what congress did nothing? it is fair to say that you would see a rapid withdrawal and support for consumers, with higher taxes, businesses would look at the affects of that answer to pull back themselves. this is a huge problem that if congress does not actually deal with this in a meaningful way in the next few months, and instead just tries to kick the grenade down the road and deal with this a
what about obama taxes? guest: we are seeing many events are the next few months with the fiscal cliff. -- over the next few months with the fiscal cliff. congress has created this problem, congress and the white house together. were you have a tax hikes and spending cuts coming at the same time. and simple arithmetic will tell you that putting both of those together at the same time will undoubtedly create a recession. there's no way around that. when you look at confidence among businesses...
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we would all like to reduce taxes. what are the traces -- >> i talked to teachers in public school district and state employees. first of all, the loral they are unhappy with their current situation. >> i need a quick answer. >> the answer is that people are working in state government, and they often talk about waste, they talk about abuse and they talk about inefficiencies. >> moderator: we are going to move on to the estimate social security, mental health programs, low-income programs, loan guarantees, agricultural support programs are all forms of entitlement yet some believe that individuals and groups have been coming to the entitlement and we need to cut from the federal and state budgets. but during the recession isn't it the term we actually need these entitlement programs? >> it is a countercyclical program. one of the private economy contracts if it can contract the state government at the same time you make it worse. so yes, there are needs for food stamps and unemployment both of those are programs to exp
we would all like to reduce taxes. what are the traces -- >> i talked to teachers in public school district and state employees. first of all, the loral they are unhappy with their current situation. >> i need a quick answer. >> the answer is that people are working in state government, and they often talk about waste, they talk about abuse and they talk about inefficiencies. >> moderator: we are going to move on to the estimate social security, mental health programs,...
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. >> but they pay sales tax. there's lots of taxes that people pay. >> i'm talking about the federal income tax. >> right. that's right. but how is it that you think we can get this country going again if we don't have more investment like we did in the boom economy after world war ii where the wealthy and corporations were paying a lot more in order to make our country great. i think this nation is ready to return to the kind of greatness that we've seen before. >> we will see on tuesday. thank you so much. >> mary kay, thank you for joining us. >> of course, the big election tuesday. the results could hinge on what side is better able to turn out the vote. chief washington correspondent john harwood is at a phone bank where union members supporting the president are working hard to increase that turnout. this is critical, john. >> reporter: maria, this is the critical effort of this last four days of the election. the candidates are flying around. they're delivering their messages. tv ads are on the air. most a
. >> but they pay sales tax. there's lots of taxes that people pay. >> i'm talking about the federal income tax. >> right. that's right. but how is it that you think we can get this country going again if we don't have more investment like we did in the boom economy after world war ii where the wealthy and corporations were paying a lot more in order to make our country great. i think this nation is ready to return to the kind of greatness that we've seen before. >> we...
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america doesn't need another tax cut. the deficit is the problem, not the basic way to tax. >> if you look at how americans feel who would better handle the which i, they're pretty strongly in favor of mitt romney. here's a guy that has a strong background in business who understands how commit works. so americans fundamentally have more confidence in mitt romney to handle economy. it didn't mean that he'll win the election. but if it just comes down to the economy, i think mitt romney has the edge. >> chris, do you want to respond to that and to the sense that maybe the average -- that romney goes over well with the average american? are you aichling more at the international business community? >> i think we're aiming at the community in the word, who we would think would be better. we're saying who he we think would best serve america and the world. so we need to look at the deficit, foreign policy, also opinions on social policy. >> one of the things that i found troubling about the economist's endorsement was they ci
america doesn't need another tax cut. the deficit is the problem, not the basic way to tax. >> if you look at how americans feel who would better handle the which i, they're pretty strongly in favor of mitt romney. here's a guy that has a strong background in business who understands how commit works. so americans fundamentally have more confidence in mitt romney to handle economy. it didn't mean that he'll win the election. but if it just comes down to the economy, i think mitt romney...